Question

What do you mean by competency?

Answer 1

Answer:

The fact of having the ability or skill that is needed for something is called competency.

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Answer 2

Competency :  

Competency basically refers to skills and inner strength and individual possesses. A budding entrepreneur should also have the necessary competencies so that he/ she can venture into forming an enterprise and also be successful in it.

Competencies are acquired by an entrepreneur for the efficient running of a business. Some of the competencies are already existing but not been utilised in the entrepreneur, which need to be known and nurtured and some of these are obtained through training and practice.

Hope this answer will help you.

 

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